Markel director awarded 89 restricted shares

Cunningham Lawrence A reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Cunningham Lawrence A reported acquisition or exercise transactions in this Form 4 filing.

MARKEL GROUP INC. director Lawrence A. Cunningham received an award of 89 shares of common stock on May 20, 2026. This was a restricted stock grant under the MKL 2024 Equity Incentive Compensation Plan at no cash cost to him.

The restricted shares will vest, subject to certain conditions, on May 20, 2027. After this grant, Cunningham directly holds a total of 1,008.8381 shares of Markel common stock, reflecting a routine equity-based compensation award rather than an open-market purchase.

Insider Trade Summary

Grant/Award: 89 shares

Grant/Award 1 txn

Insider Cunningham Lawrence A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	89	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,008.8381 shares (Direct)

Footnotes (1)

1. F1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, May 20, 2027.

Key Figures

Restricted stock grant: 89 shares Grant price: $0.0000 per share Post-transaction holdings: 1,008.8381 shares +1 more

4 metrics

Restricted stock grant 89 shares Common Stock award on May 20, 2026

Grant price $0.0000 per share Stated price for restricted stock award

Post-transaction holdings 1,008.8381 shares Common Stock directly held after grant

Vesting date May 20, 2027 Restricted shares vesting, subject to conditions

Key Terms

Restricted stock, MKL 2024 Equity Incentive Compensation Plan, vest

3 terms

Restricted stock financial

"Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

MKL 2024 Equity Incentive Compensation Plan financial

"Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan."

vest financial

"Shares will vest, subject to certain conditions, May 20, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MKL director Lawrence Cunningham report?

Lawrence A. Cunningham reported receiving 89 shares of Markel common stock as a restricted stock award. The grant is part of his equity compensation and does not involve an open-market purchase or sale of shares.

Was cash paid for the Markel (MKL) restricted stock granted to Cunningham?

No cash changed hands for this award. The 89 restricted shares of Markel common stock were granted at a stated price of $0.0000 per share as equity compensation under the company’s 2024 incentive plan.

When will Lawrence Cunningham’s new Markel (MKL) restricted shares vest?

The 89 restricted shares granted to Lawrence A. Cunningham are scheduled to vest on May 20, 2027, subject to specified conditions. Until vesting, the shares remain restricted under the terms of Markel’s 2024 Equity Incentive Compensation Plan.

How many Markel (MKL) shares does Cunningham hold after this award?

Following the restricted stock grant, Lawrence A. Cunningham directly holds 1,008.8381 shares of Markel common stock. This total reflects his position after adding the 89-share equity award disclosed in the reported transaction.

What plan was used for Lawrence Cunningham’s Markel (MKL) stock grant?

The restricted stock granted to Lawrence A. Cunningham was issued under the MKL 2024 Equity Incentive Compensation Plan. This plan provides equity-based awards, such as restricted shares, as part of Markel’s compensation structure for eligible participants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:35 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cunningham Lawrence A

(Last) (First) (Middle)

C/O MARKEL GROUP INC.

4521 HIGHWOODS PARKWAY

(Street)

GLEN ALLEN VIRGINIA 23060

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARKEL GROUP INC. [ MKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/20/2026		A(1)		89	A	$0	1,008.8381	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock granted pursuant to the MKL 2024 Equity Incentive Compensation Plan. Shares will vest, subject to certain conditions, May 20, 2027.

Remarks:

	/s/ Karen O. Earls, Attorney-in-fact for Lawrence A. Cunningham	05/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)